Covid-19: TPR updates auto-enrolment guidance -
The Pensions Regulator (TPR) has updated its Covid-19 guidance on auto-enrolment, to reflect the extension of the Coronavirus Job Retention Scheme (CJRS) until September 2021....more
This week we cover topics including: the updated industry code of practice on pension scams; the Pensions Regulator’s climate change strategy; and the increase to the fraud compensation levy. For an overview, listen to our...more
New guidance on providing support with financial matters
The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) have published a new version of the ‘Guide for employers and trustees on providing support...more
The government has published a call for evidence seeking input on trustees’ policies and practices in relation to the consideration of social factors (such as modern slavery, consumer protection and community engagement) and...more
Welcome to our monthly update on current legal issues for trustees of DC pension schemes, designed to help you stay up to date with key developments between trustee meetings, and to support the legal update item on your next...more
The Pension Schemes Act provides for: new powers and sanctions for the Pensions Regulator (TPR); changes to DB funding; new climate-related governance and risk management arrangements; provisions to limit transfer rights; and...more
The Pensions Regulator (TPR) has published its long-awaited consultation on a new single code of practice. The draft code will replace ten existing codes of practice, and includes new content on areas including the need for...more
The Pensions Regulator (TPR) is consulting on a draft policy on how it plans to use its powers to investigate and prosecute two new criminal offences under the Pension Schemes Act 2021: avoidance of employer debt; and conduct...more
The Pensions Regulator (TPR) is consulting on its approach to investigating and prosecuting new criminal offences under the Pension Schemes Act 2021. Eagerly-awaited by employers, lenders, trustees and advisers, the guidance...more
This year’s Budget contained very few pensions-related announcements:
The Coronavirus Job Retention Scheme is being extended until September 2021. In April, May and June, employers will only be required to pay National...more
Welcome to our monthly update on current legal issues for trustees of DB and hybrid pension schemes, designed to help you stay up to date with key developments between trustee meetings, and to support the legal update item on...more
3/4/2021
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The Pensions Regulator (TPR) ,
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UK
Welcome to our monthly update on current legal issues for trustees of DC pension schemes, designed to help you stay up to date with key developments between trustee meetings, and to support the legal update item on your next...more
Restructurings: PPF issues new guidance and documentation -
The Pension Protection Fund (PPF) has issued guidance on moratoriums and restructuring plans under the Corporate Insolvency and Governance Act 2020. The guidance...more
Welcome to our quarterly pensions litigation briefing, designed to help pensions managers identify key risks in scheme administration, and trustees update their knowledge and understanding.
...more
PASA guidance note on GMP equalisation issues -
PASA has published a further guidance note looking in detail at HMRC’s two statements on tax issues arising from GMP equalisation processes. The guidance provides useful...more
With over £1.3trillion of investments held in the occupational pension arrangements of over 24 million of its citizens, it’s easy to see why pension schemes are an essential part of the UK government’s drive to net-zero. In...more
The Pension Schemes Bill has received Royal Assent and passed into law as the Pension Schemes Act 2021. Apart from some regulation-making powers, the Act is not yet in force; the substantive provisions will be brought into...more
The Pensions Regulator (TPR) has published its latest survey of DC schemes, plus a press release calling for DC trustees to pay greater attention to the climate change related risks and opportunities facing their schemes....more
Climate change governance and reporting: new consultations and guidance -
New climate change governance and reporting requirements for occupational pension schemes have been published for consultation. Once these are...more
Pension Schemes Bill awaits Royal Assent -
The Pension Schemes Bill has completed its passage through Parliament and is now waiting for Royal Assent at a date to be announced. Last week the House of Lords agreed with the...more
Pension Schemes Bill update -
The House of Lords will consider amendments made to the Pension Schemes Bill by the House of Commons on 19 January. This stage (known as ‘ping pong’) is the final Parliamentary stage before...more
2021: key agenda items for UK pension schemes and sponsors -
We invite you to spend five minutes with members of our Pensions team as they talk about the key legal developments that will shape the first few months of 2021...more
DB/hybrid scheme return: TPR asks schemes to download past returns -
The Pensions Regulator (TPR) has published new information on next year’s scheme return for DB and hybrid schemes, including an example scheme return...more
New TPR blog post: DB funding consultation -
The Pensions Regulator (TPR) has published a ‘myth-busting’ blog post commenting on its first DB funding code consultation. It notes that TPR is still considering responses to...more
GMP equalisation: transfers-out -
The High Court has now handed down its decision in the second Lloyds case on GMP equalisation. The first decision (in 2018) established that trustees of defined benefit occupational...more